with solutions please

Tyra Toy Company incurred the following costs during 20x1: Direct Materials P 5,000,000 3,500,000 Direct Labor Manufacturing Overhead Utilities (primarily electricity) Depreciation Plant and Equipment 250.000 350,000 Insurance 260,000 Supervisory Salary 470,000 Property Taxes 330,000 Selling Cost: Advertising 315,000 Sales Commission 145.000 Administrative Costs: Salaries of top management 580,000 Office Supplies 70,000 Depreciation on Building and Equipment 140,000 The company sold all of its products manufactured during the year. Depreciation is on a straight-line basis. During 20x1, the company operated at about half of its capacity, due to a slowdown in the economy. Prospects for 20x2 are slightly better. The marketing manager, forecasts a 30 percent growth in sales over the 20x1 level. TOTAL VARIABLE COST in 20x2 amount to P